Tuesday, December 06, 2011

Republican Craziness

>>>> Why do Republicans think that they must have an audience with Donald Trump? Donald Trump? Give me a break!

**** Are the conservative right wingers in the Republican Party really going for Newt Gingrich? Is it possible that Republicans just cannot stomach the flip flops of Mitt Romney? I'd still never vote for Romney because of the dog on the roof event (Time).

There are several websites that have sprung out of the Romney dog on the roof incident:

If you are interested in a "Dog Lovers Against Romney" bumper sticker, you should visit CafePress.

The LA Times has more information about how Mitt Romney made his millions at Bain Capital by buying companies and firing employees.
Here is a small excerpt from the LA Times article:

...Meanwhile, Bain and other investors received management fees from GSI and a $65-million dividend in the first years after the acquisition, according to interviews with company employees.

In 1999, as economic challenges mounted, GSI sought a federal loan guarantee intended to help steel companies compete internationally. The loan deal was approved, but in 2001, before it could be used, the company went bankrupt, two years after Romney left Bain.

More than 700 workers were fired, losing not only their jobs but health insurance, severance and a chunk of their pension benefits. GSI retirees also lost their health insurance and other benefits. Bain partners received about $50 million on their initial investment, a 100% gain....

Imagine that. Romney and his investors made millions while others lost jobs. Even Bloomberg had a little something about Romney's Bain Capital job elimination routine:

....At Dade Behring Inc., a medical-testing company based in Deerfield, Illinois, Bain cut at least 1,600 jobs during a series of acquisitions before the firm entered into bankruptcy in 2002. Romney foreshadowed those cuts in a speech to employees shortly after Bain acquired the firm.

DDi Corp., an electronics company in Anaheim, California, filed for bankruptcy in 2003 after Bain sold shares in the company generating at least $85.5 million and billed $10 million in management fees....

Where is the job creation?

>>>> The infighting going on within the Ohio Republican Party will continue. Since Gov. John Kasich and Speaker of the Ohio House William Batchelder assembling their own roster of candidates to run against current Republican officeholders backed by Ohio Republican Chair Kevin DeWine (see the Dispatch). I hope that the Ohio GOP continues to act like playground bullies. Those people who call themselves Ohio Republicans must be so proud of the dysfunction within their own party. Keep it classy, Ohio GOP!